It was the latest high-priced deal in Las Vegas that did not produce transfer tax revenue that supports schools and low-income housing in Nevada.
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Tilman Fertitta owns the Golden Nugget, but his latest purchase gives the business mogul a foothold in the heart of America’s casino capital.
A recent deal at almost $6 million per-acre didn’t even come close to a sale up the street.
Lily Funds founder Tom McManus sold 2 acres to a buyer who “requested to remain anonymous.”
F1 owner Liberty Media purchased nearly 40 acres for a 50-lap Grand Prix in Las Vegas next year.